Corp. Code, § 12404.5 · Article 1. Issuance of Memberships
Corp. Code, § 12404.5
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
(a) The worker-members of a worker cooperative shall have voting power as provided in subdivision (a) of Section 12253.
(b) Community investors have voting power only as provided in subdivision (c) of Section 12253.
Notes and commentary — not statutory text
History
Added by Stats. 2015, Ch. 192, Sec. 15. (AB 816) Effective January 1, 2016.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CORP§ionNum=12404.5.
- Text hash
- sha256 4ba7bd1b1a3b28027d016b0f6319c274408d814029c3cde1a555959a6d65b182
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
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